(To read more on the debt and equity markets, click here.)
WASHINGTON, DC-The JBG Cos., a 46-year-old, DC-based real estateinvestment and development firm, obtained a $242-millionrefinancing package for L'Enfant Plaza which comprises 890,648 sfof office and retail, a 1,600-stall parking garage and a 370-room,full-service hotel. The property is in the southwest quadrant ofthe city, near the National Mall.
The two-tranche structure of the deal includes a five-year,$172.5-million fixed-rate loan and a $69.5-million floating rateloan on the developer's five-asset portfolio.
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